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Regulatory Matters
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
REGULATORY MATTERS REGULATORY MATTERS
We are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our Consolidated Financial Statements. Under capital guidelines and the regulatory framework for prompt corrective action, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Our capital amounts and classification are also subject to qualitative judgments by the regulators about risk weightings and other factors.
The most recent notifications from the Federal Reserve and the FDIC categorized S&T and S&T Bank as well capitalized under the regulatory framework for corrective action. There have been no conditions or events that we believe have changed S&T's or S&T Bank’s status during 2019 and 2018.
Common equity tier 1 capital includes common stock and related surplus plus retained earnings, less goodwill and intangible assets subject to a limitation and certain deferred tax assets subject to a limitation. In addition, we made a one-time permanent election to exclude accumulated other comprehensive income from capital. For regulatory purposes, trust preferred securities totaling $29.0 million, issued by an unconsolidated trust subsidiary of S&T underlying junior subordinated debt, are included in Tier 1 capital for S&T. Total capital consists of Tier 1 capital plus junior subordinated debt and the ALL subject to limitation. We currently have $34.8 million in junior subordinated debt which is included in Tier 2 capital for S&T in accordance with current regulatory reporting requirements.
Quantitative measures established by regulation to ensure capital adequacy require us to maintain minimum amounts and ratios of Total, Tier 1 and Common Equity Tier 1 capital to risk-weighted assets and Tier 1 capital to average assets. As of December 31, 2019 and 2018, we met all capital adequacy requirements to which we are subject.
The following table summarizes risk-based capital amounts and ratios for S&T and S&T Bank:
 
Actual
 
Minimum
Regulatory Capital
Requirements
 
To be
Well Capitalized
Under Prompt
Corrective Action
Provisions
(dollars in thousands)
Amount

 
Ratio

 
Amount

 
Ratio

 
Amount

 
Ratio

As of December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Leverage Ratio
 
 
 
 
 
 
 
 
 
 
 
S&T
$
854,146

 
10.29
%
 
$
331,925

 
4.00
%
 
$
414,907

 
5.00
%
S&T Bank
832,113

 
10.04
%
 
331,355

 
4.00
%
 
414,194

 
5.00
%
Common Equity Tier 1 (to Risk-Weighted Assets)
 
 
 
 
 
 
 
 
 
 
 
S&T
825,146

 
11.43
%
 
324,745

 
4.50
%
 
469,077

 
6.50
%
S&T Bank
832,113

 
11.56
%
 
324,048

 
4.50
%
 
468,069

 
6.50
%
Tier 1 Capital (to Risk-Weighted Assets)
 
 
 
 
 
 
 
 
 
 
 
S&T
854,146

 
11.84
%
 
432,994

 
6.00
%
 
577,325

 
8.00
%
S&T Bank
832,113

 
11.56
%
 
432,064

 
6.00
%
 
576,085

 
8.00
%
Total Capital (to Risk-Weighted Assets)
 
 
 
 
 
 
 
 
 
 
 
S&T
954,094

 
13.22
%
 
577,325

 
8.00
%
 
721,656

 
10.00
%
S&T Bank
922,310

 
12.81
%
 
576,085

 
8.00
%
 
720,106

 
10.00
%
As of December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Leverage Ratio
 
 
 
 
 
 
 
 
 
 
 
S&T
$
689,778

 
10.05
%
 
$
274,497

 
4.00
%
 
$
343,121

 
5.00
%
S&T Bank
659,304

 
9.63
%
 
273,820

 
4.00
%
 
342,275

 
5.00
%
Common Equity Tier 1 (to Risk-Weighted Assets)
 
 
 
 
 
 
 
 
 
 
 
S&T
669,778

 
11.38
%
 
264,933

 
4.50
%
 
382,681

 
6.50
%
S&T Bank
659,304

 
11.23
%
 
264,127

 
4.50
%
 
381,517

 
6.50
%
Tier 1 Capital (to Risk-Weighted Assets)
 
 
 
 
 
 
 
 
 
 
 
S&T
689,778

 
11.72
%
 
353,244

 
6.00
%
 
470,992

 
8.00
%
S&T Bank
659,304

 
11.23
%
 
352,170

 
6.00
%
 
469,560

 
8.00
%
Total Capital (to Risk-Weighted Assets)
 
 
 
 
 
 
 
 
 
 
 
S&T
777,913

 
13.21
%
 
470,992

 
8.00
%
 
588,741

 
10.00
%
S&T Bank
747,438

 
12.73
%
 
469,560

 
8.00
%
 
586,950

 
10.00
%